Paul Krugman. Photo by Fred R. Conrad/The New York Times
“So by all means let’s have a serious discussion about how cities can best manage the transition when their traditional sources of competitive advantage go away. And let’s also have a serious discussion about our obligations, as a nation, to those of our fellow citizens who have the bad luck of finding themselves living and working in the wrong place at the wrong time — because, as I said, decline happens, and some regional economies will end up shrinking, perhaps drastically, no matter what we do.”
Read the full article by Paul Krugman here: Detroit, the New Greece – NYTimes.com.
